- Feb 22, 2017
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As I said, corporations in the US were making record setting profits before the tax cuts...thus they were exceeding their budgets.
Not if the budget called for the record profit? If my budget calls for $100 in profit and last year I hit $95, which was a record and this year I achieve $115 because of the tax cuts then I can take $7 of the $15 extra and give it to my employees and that is what happened.
Nobody budgets for record profits.
What? If my business achieved a profit of $10 last year and it was my record and I budget for 10% growth this year or $11, I just budgeted for record profits. Do you understand basic finance? I recommend an education.
no, you are budgeting for growth, not profit.
Wrong. I said Profit!!! Aka EPS. Revenue growth is meaningless but profit is the key. I work in this field you asshole. No one budgets for record revenues and losses you’re making an ass of yourself. Want to bet our status on this board? You do this often, that earnings growth is the critical aspect and not revenues.
What "field" is that? A poppy field?